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10413 S Main St Los Angeles, CA 90003

$1,108,888 Sold Price as of 02/17/2021

8 Beds
4 Baths
3,534 Sq.Ft.

Sold

$1,108,888 Sold Price as of 02/17/2021 Refinance Your Mortgage

Map preview of 10413 S Main St, Los Angeles, CA 90003

Property Overview: 10413 S Main St Los Angeles, CA has 8 bedrooms, 4 bathrooms, 3,534 living square feet and 6,608 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great opportunity to obtain a 1987 construction property currently operating at a 5.5% Cap Rate! All (4) units are 2-bed/1-bath, each unit having top of the market rents with (3) at $1950 and (1) at $2049. There is tons of parking in the rear with (8) parking spaces available, as well as laundry on site which is bringing in additional cash flow. Fantastic opportunity to own an '87 Construction property for well over 6% Cash on Cash Return.

Listed by Cameron Samimi | BRE #02035763 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Parker Boehle | BRE #02054215 | Lyon Stahl Investment Real Estate, Inc.

Last checked: 11 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 376

Home details

Lot Sq. Ft: 6,608
HOA Dues: $0/mo
Year built: 1987
Garage: --
Property Type:: Multi Family

Status: Sold
MLS#: SB20025261
City: Los Angeles
County: Los Angeles
Time on Site: 1345 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 4
Total # of Buildings: 1
# of Electric Meters: 4
# of Gas Meters: 4
# of Water Meters: 1

Unit Breakdown 1

# of Units: 3
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,950
Total Rent: $1,950
Pro Forma/Market Rent: $2,100

Unit Breakdown 2

# of Units: 1
# of Beds: 2
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $2,049
Total Rent: $2,049
Pro Forma/Market Rent: $2,100

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $95,388
Net Operating Income: $65,692
Gross Operating Income: --
Vacancy Allowance: $4,769

Annual Expense Breakdown

Total Operating Expense: $24,926
Electric: $0
Gas/Fuel: $0
New Taxes: $0
Trash: $0
Insurance: $0
Water/Sewer: $0

Property Details for 10413 S Main St

Interior Features

Laundry Information

Has Laundry
Individual Room

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Parking Spaces: 8

Lot Information

Lot Features: 0-1 Unit/Acre
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: No Common Walls
Total # of Units: 4
Parcel Number: 6074002040
Year Built Source: Assessor
Property is not Attached

Homeowners Association, Utilities, Taxes / Assessments

Utilities Information

Sewer: Public Sewer
Water Source: Private

Location / Neighborhood

Location Information

Directions: Off of Main and 102nd St.

Neighborhood Information

Community Features: Gutters, Sidewalks, Street Lights, Suburban

View more facts & features

Local Los Angeles Agent

Sale History for 10413 S Main St

Last sold for $1,109,000 on February 17th, 2021

February, 2021
Feb 18, 2021

Date

Sold

CRMLS: SB20025261

$1,108,888

Price
Feb 18, 2021

Date

Price Change

CRMLS: SB20025261

$1,100,000

Price
Jun 15, 2020

Date

Price Change

CRMLS: SB20025261

$1,175,000

Price
Mar 4, 2020

Date

Active

CRMLS: SB20025261

$1,200,000

Price
Mar 1, 2020

Date

Hold

CRMLS: SB20025261

$1,200,000

Price
Feb 4, 2020

Date

Active

CRMLS: SB20025261

$1,200,000

Price
February, 2021
Feb 17, 2021

Date

Sold (Public Records)

Public Records

$1,109,000

Price
December, 2018
Dec 23, 2018

Date

Expired

CRMLS: WS18257405

$1,320,000

Price
Dec 13, 2018

Date

Withdrawn

CRMLS: WS18257405

$1,320,000

Price
Oct 24, 2018

Date

Active

CRMLS: WS18257405

$1,320,000

Price
Listing provided courtesy of CRMLS

PROPERTY ASSESSOR SHOW 2 BEDROOM EACH UNIT, BUT IT'S USED FOR 3 BEDROOM EACH UNIT. GOOD INCOME FOR INVESTMENT OR 1031 EXCHANGE. BUYER AND BUYER'S AGENT TO DO THEIR OWN DUE DILIGENCE AND VERIFY ALL PERMITS WITH CITY. PROPERTY SOLD "AS IS" CONDITION. ADDITIONAL BILLBOARD INCOME $600./YEAR.

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August, 2014
Aug 29, 2014

Date

Sold (Public Records)

Public Records

$550,000

Price

Tax History for 10413 S Main St

Assessed Value (2020): $604,410

Year	Land Value	Improved Value	Assessed Value
2020	$148,353	$456,057	$604,410

Home Value Compared to the Market

This property vs the competition

10413 S Main St sold on February 17, 2021 for 1.79% lower than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $311.26 per/sqft which puts the price per square foot 57.01% lower than the current median sale per square foot for the city of Los Angeles.

About 10413 S Main St

Detailed summary of property

10413 S Main St is a multi family that recently sold in Los Angeles, CA 90003. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 3,534 living square feet, and sits on an approximately 6,608 square foot lot. 10413 S Main St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,108,888. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 1.79% lower than the current median priced home. Local homes that are currently for sale include 726 W Imperial Hwy, 1136 W 101St St and 1105 W 95th St. While the average home in Los Angeles, CA is selling in 106 days, 10413 S Main St has a days on market of 376 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 10413 S Main St Los Angeles, CA 90003 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 10413 S Main St

Public county record property details

Beds: 8
Baths: 4
Year built: 1987
Sq. Ft.: 3,534
Lot Size: 6,608
Stories: --

Type: Quadruplex (4 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 181,182
APN: 6074-002-040

The source for these homes facts are from public records.

90003 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$599,000

Median List Price/Sq.Ft.

$574

Median Sold Price

$515,000

Median Sold Price/Sq.Ft.

$535

Total Inventory

Median Sale to List Price %

103%

Avg Days on Market

Loan Type

Conventional (41.67%), FHA (16.67%), VA (0%), Cash (16.67%), Other (25%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.